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WILLIS TWRS WAT   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2019201820172016201520142013201220112010
Period End Date12/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/201112/31/2010
Investment income--------20.0035.0015.0018.0031.0038.00
Commissions and fees9,039.008,513.008,202.007,887.003,809.003,767.003,633.003,458.003,414.003,293.00
Other income (loss)------------7.004.002.001.00
Total Revenues9,039.008,513.008,202.007,887.003,829.003,802.003,655.003,480.003,447.003,332.00
Depreciation expense240.00208.00203.00178.0095.0092.0094.0079.0074.0063.00
Amortization of intangible assets489.00534.00581.00591.0076.0054.0055.0059.0068.0082.00
Goodwill impairment charge--------------492.000.00--
Salaries and benefits5,249.005,123.004,967.004,849.002,303.002,314.002,207.002,475.002,087.001,868.00
General and administratives--------------------
Restructuring costs----132.00193.00126.0036.00--------
Other operating expenses(1,719.00)(1,637.00)(1,534.00)(1,551.00)(718.00)(659.00)(636.00)(600.00)(656.00)(564.00)
Net gain (loss) on disposal of operations----------------4.00(2.00)
Gain on disposal of London headquarters--------------------
Regulatory settlements--------------------
Non-cash compensation-performance options--------------------
Integration expenses(13.00)(202.00)(269.00)(177.00)(84.00)----------
Total operating expenses7,710.007,704.007,686.007,539.003,402.003,155.00(2,992.00)(3,705.00)(2,881.00)(2,579.00)
Operating Income1,329.00809.00516.00348.00427.00647.00663.00(225.00)566.00753.00
Interest expense234.00208.00188.00184.00142.00135.00126.00128.00156.00166.00
Loss on extinguishment of debt------------(60.00)------
Make-whole on repurchase and redemption of senior notes and write-off of unamortized debt issuance costs----------------(171.00)--
Premium on redemption of subordinated notes--------------------
Other income (expense), net227.00250.00164.00178.0055.006.0022.0016.00----
Income from continuing operations before income taxes1,322.00851.00492.00342.00340.00518.00499.00(337.00)239.00587.00
Income taxes249.00136.00(100.00)(96.00)(33.00)159.00122.00101.0032.00140.00
Minority interest--------------------
Interest in earnings of associates--------11.0014.00--5.0012.0023.00
Income from continuing operations--------------(433.00)219.00470.00
Discontinued operations----------------1.00--
Consolidated Net income1,073.00715.00592.00438.00384.00373.00377.00(433.00)220.00470.00
Net income attributable to noncontrolling interests29.0020.0024.0018.0011.0011.0012.0013.0016.0015.00
NET INCOME ATTRIBUTABLE TO WILLIS GROUP HOLDINGS1,044.00695.00568.00420.00373.00362.00365.00(446.00)204.00455.00
EARNINGS PER SHARE (BASIC) - Continuing operations--------------(6.83)3.107.10
earnings per share (Basic) - Discontinued operations----------------0.03--
Net Earnings per share (Basic)8.055.294.213.075.495.405.53(6.83)3.137.10
EARNINGS PER SHARE (DILUTED) - Continuing operations--------------(6.83)3.057.05
earnings per share (Basic) - Discontinued operations----------------0.03--
Net Earnings per share (Diluted)8.025.274.183.045.415.325.37(6.83)3.077.05
Weighted Average Shares Outstanding (Basic)130.00131.00135.00137.0068.0067.0066.0065.3165.3164.18
Weighted average shares outstanding (Basic)130.00132.00136.00138.0069.0068.0068.0065.3166.4464.55